Wingstop Q1 revenue rises, adjusted EPS beats estimates

Wingstop

29/04/2026 12:54

Overview

U.S. chicken wing chain's fiscal Q1 revenue rose 7.4% despite same store sales decline

Adjusted EPS for fiscal Q1 beat analyst expectations

Company previously authorized additional $300 mln share repurchase in Q1

Outlook

Wingstop reiterates 2026 global unit growth rate of 15% to 16%

Company expects 2026 SG&A expense between $146 mln and $149 mln, including $3 mln restructuring charges

Result Drivers

UNIT GROWTH - 97 net new restaurant openings drove system-wide sales and royalty revenue growth

SAME STORE SALES DECLINE - Domestic same store sales fell 8.7% due to lower transaction volumes and continued pressure on consumer spending

LOWER FOOD COSTS - Cost of sales as a percentage of company-owned restaurant sales declined, driven by lower food, beverage and packaging costs, particularly bone-in chicken wings

Company press release: ID:nPn4XQdHYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 System-Wide Sales
$1.38 bln
Q1 Adjusted EPS
Beat
$1.18
$1.03 (26 Analysts)
Q1 EPS
$1.08
Q1 Adjusted Net Income
$32.47 mln
Q1 Net Income
$29.88 mln
Q1 Adjusted EBITDA
$65.40 mln
Q1 Same Store Sales Growth
-2.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for Wingstop Inc is $280.00, about 61.9% above its April 28 closing price of $172.97

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 50 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)